Covenant, founded by Jen Berrent, is pioneering a new approach to legal services for private market investors by leveraging artificial intelligence (AI) to address longstanding inefficiencies in the legal industry. The firm specializes in services such as Limited Partnership Agreement (LPA) reviews, automated Most Favored Nation (MFN) elections, and Form ADV analysis, offering turnaround times as quick as two business days. This innovation is particularly significant for institutional investors who face the challenges of navigating complex legal documentation and high legal fees.

Berrent’s experience as Chief Legal Officer and Chief Operating Officer at WeWork highlighted the critical need for a legal service that could keep pace with the speed and scale of modern business. Covenant’s solution integrates multiple AI models with human verification to ensure accuracy and reliability, setting it apart from competitors that rely on a single AI model. This multi-model approach not only enhances the firm’s resilience but also allows it to rapidly incorporate the latest AI advancements, ensuring clients benefit from cutting-edge technology.

One of the key advantages of Covenant’s model is its ability to deliver high-quality legal analysis at a fraction of the cost of traditional law firms. By automating routine aspects of legal review, Covenant enables its senior lawyers to focus on strategic advice and high-value judgment calls, significantly reducing overhead costs without compromising on quality. This efficiency is particularly appealing to limited partners (LPs) in private markets, who manage extensive portfolios and require consistent, speedy legal reviews across multiple investments.

Covenant’s commitment to security and data privacy, evidenced by its SOC 2 Type II certification, addresses common concerns about AI in legal work. The firm ensures that all AI outputs undergo human verification and maintains strict data protection measures, including zero client data training and full anonymization. This transparency and focus on security are crucial for building trust with clients in the private markets community.

Looking ahead, Covenant plans to scale its operations and deepen its platform’s capabilities with the support of its $4 million seed funding. The firm is actively hiring across engineering and legal disciplines to meet growing client demand and continue its mission of transforming legal services through technology. Covenant’s innovative approach represents a significant shift in the legal industry, offering private market investors the tools they need to operate more efficiently and make informed decisions faster.

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